Construction Marketing

DECEMBER 27, 2021

Between the potential for accidents and injuries on the job site and the risk of lawsuits, it’s important to have insurance to protect yourself from financial losses, but what kind of insurance do you need? Here’s an overview of the most important types of insurance for contractors. General Liability Insurance.

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Insurance Contractors Accidents Liability 156

Business Facilities

DECEMBER 30, 2020

The Hartford Region is home to the headquarters of most of the leading global players in the insurance sector. The insurance industry generates more than $16 billion in output in the region, employing more than 70,000. Read: Insurance Industry Locations: Shaping The New World Of Insurance at BusinessFacilities.com.

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Insurance Industrial Employment New Jersey 144

Construction Marketing

JANUARY 24, 2022

If you, as an employer, have 1099 employees on your staff from time to time, you may be wondering whether you are required to provide health insurance to them. Oftentimes, contracted employees are cheaper for a business, as they are not required to extend group health insurance coverage to them. What is a 1099 Employee?

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Insurance Plans Contractors Employment 156

Construction Law

JULY 1, 2024

Building defect claims are a constant source of litigation, which the insurance market has a range of products to provide cover for. Our insurance expert John D Wright explains how choosing the right type of insurance is crucial. This story is only available to subscribers to the printed edition of Construction Law.

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Insurance Claims Products Construction 52

Construction Dive

NOVEMBER 13, 2023

While many are quick to blame the macro trend of inflation for property insurance increases, there are actual events with consequences inherent to the Florida market, that should be credited for the recent developments.

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Construction Business Owner

AUGUST 16, 2018

Twenty years ago, no one had heard of cyber insurance, and a hacker was someone with a cough. As recently as 10 years ago, many people still did not know how exposed they were to clandestine attacks on their data.

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Wolgast Corporation

AUGUST 1, 2024

I chose to discuss Insurance Claims in this blog because when the time comes, some business owners have never been through the process and may not know what to expect. The number one tip that I can give you is to call your insurance company in all circumstances (after you call the emergency services if necessary, of course).

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Building Radar

JULY 15, 2024

Navigating the insurance requirements for construction projects can be daunting. Insurance plays a crucial role in managing risks and ensuring the successful completion of any construction project. For more details on CGL insurance, visit Construction Coverage. Explore Stonemark’s insights on project-specific insurance.

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Construction Dive

DECEMBER 18, 2023

The ruling, passed down from the state’s supreme court, could affect which issues contractors choose to litigate with insurers across the country.

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Insurance Liability Illinois Contractors 130

Contractor Connection

OCTOBER 11, 2023

In today’s ever-evolving insurance landscape, the importance of swift and efficient claim resolution cannot be overstated. Let’s embark on a thorough exploration of how Contractor Connection partners with the insurance industry, delivering a holistic, efficient, and dependable claim journey.

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Insurance Contractors Industrial Claims 105

Construction Business Owner

NOVEMBER 19, 2019

Many contractors, subcontractors and developers often do not realize that there are perhaps dozens of exclusions buried in the hundreds of pages of these CGL insurance policies that allow an insurance company to deny coverage for these claims. Find out more here. .

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Insurance Claims Contractors Construction 192

Levelset

SEPTEMBER 14, 2022

Business insurance can help mitigate occurrences or disasters that can severely impact or destroy the good standing of your business. Let’s take a look a subcontractor insurance: when it’s needed, what happens if a sub goes uninsured, and what policies subs can use to protect their businesses from risk.

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Insurance Liability Claims Injury 98

Construction Equipment

JANUARY 6, 2021

Zurich North America offers Construction Weather Parametric Insurance does not require physical loss or damage in order to claim weather-related losses. Parametric insurance sets predetermined parameters and payments—agreed upon by the insurer and the customer during the application process—for…

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Insurance Claims America Construction 117

Construction Business Owner

JULY 6, 2016

The construction insurance market is responding positively to these efforts, rewarding owners and builders that are operating their businesses efficiently and managing their risks properly with lower insurance premiums, broader coverage and higher limits.

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Construction Law

JUNE 3, 2024

The latest in our Guides to Construction Law series comes from Jessica Tierney of DLA Piper who looks at the key types of insurance cover widely used in the industry. This story is only available to subscribers to the printed edition of Construction Law. If you have a subscription please log in to read the rest of the story.

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Insurance Construction Industrial Liability 52

Levelset

MAY 23, 2022

One way to help protect yourself from some of these perils is by having business interruption insurance for construction. This type of insurance can help ensure that you’re able to continue operations if something happens that causes you to lose income. What does business interruption insurance cover ?

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Insurance Contractors Construction Claims 97

Construction Law

MARCH 1, 2021

Insurance has never felt cheap to companies in the construction sector, although many or most of them never took the sort of risk management measures highlighted in our regular insurance articles, so to a large extent often had only themselves to blame if they were paying higher premiums than they need have. Premiums soared.

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Insurance Risk Industrial Plans 97

Construction Equipment

FEBRUARY 8, 2021

Insurance companies offer usage-based insurance (UBI) in the automotive industry, but heavy equipment managers will probably not find anything similar for several years. UBI uses telematics to tie insurance costs to the way a vehicle is operated. Equipment managers may still benefit from telematics…

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Insurance Equipment Management Industrial 118

Levelset

MARCH 31, 2022

In turn, the owner is relying on the insurance company to pay their claim. After all, the faster the insurance company pays the owner, the quicker you can get paid ! Dig deeper: What contractors need to know about the insurance claims process. You don’t work for the insurance company or the adjuster, and they don’t work for you.

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Insurance Deals Contractors Claims 93

Construction Business Owner

JUNE 18, 2018

Why you should work with an insurance broker who understands & takes steps to protect every aspect of your business operations. If your insurance broker is simply negotiating pricing and accepting the terms and conditions offered by carriers and underwriters, it is time to hire a new broker. .

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Construction Dive

DECEMBER 11, 2023

Projects built with wood pose increased risk and it is becoming increasingly important in today’s insurance market that contractors understand the landscape.

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Levelset

SEPTEMBER 23, 2022

Luckily, that’s what insurance is for, right? Does a general contractor’s insurance cover their subcontractors’ accidents or mistakes? While there isn’t a cut-and-dry answer to these questions, we’ll take a deeper look into insurance coverage and what happens in these situations. Who is covered by an insurance policy?

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Insurance Liability Accidents Risk 52

Construction Law

FEBRUARY 29, 2024

Our insurance expert John D Wright of JD Risk Associates analyses the insurance aspects of flood damage. The future looks tricky for insurers and policyholders alike, he warns, as the frequency of flood events rises. This story is only available to subscribers to the printed edition of Construction Law.

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Construction Business Owner

JUNE 21, 2016

One approach is to require one party to list the other, protected party as an additional insured on its own purchased insurance policies, thereby giving the protected party direct access to insurance coverage. There are numerous ways that contract parties can shift the risk of certain types of losses between each other.

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Insurance Liability Agreement Risk 134

Levelset

SEPTEMBER 30, 2022

Insurance is one part of a strategy to keep your carpentry business financially healthy. To minimize any financial damage, a comprehensive carpenter’s insurance plan is a smart bet. . What is carpenter insurance? Does a carpenter need insurance? Insurance serves another purpose.

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Insurance Liability Accidents Injury 52

ENR Construction

AUGUST 8, 2024

The construction industry is a complex ecosystem with various stakeholders—each facing unique challenges, particularly when it comes to insurance needs.

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Construction Business Owner

JUNE 8, 2017

Yet, even as equipment has become safer, highway fatalities are increasing at an alarming rate, and insurance companies have targeted distracted driving from cell phone use as a contributing factor.

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Insurance Equipment Management 128

Levelset

JUNE 3, 2022

Project loss insurance has the potential to save contractors from devastating project losses, no matter the cause. Project loss insurance, or PLI, is designed to mitigate catastrophic construction project losses. Project loss insurance coverage. How project loss insurance works. How much does project loss insurance cost?

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Insurance Cash Flow Claims Contractors 52

ENR Construction

NOVEMBER 17, 2023

Expert Tara Albin, midwest cyber leader for a unit of broker Willis Towers Watson, says Insurance carriers have more experience underwriting cyber risks and firms have stepped up security.

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Insurance Security Risk 83

ENR Construction

NOVEMBER 17, 2023

Expert Tara Albin, midwest cyber leader for a unit of broker Willis Towers Watson, says Insurance carriers have more experience underwriting cyber risks and firms have stepped up security.

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Insurance Security Risk 77

Levelset

OCTOBER 14, 2022

Plumbing contractors should include business insurance as an integral part of their financial strategy. With numerous policies available, the plumbing contractor’s insurance landscape offers many ways for you to protect your physical and financial business assets. What is plumber’s insurance? Worker injury.

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Insurance Liability Injury Compensation 52

Construction Business Owner

FEBRUARY 18, 2016

Like many businesses, the insurance industry is cyclical in nature. The insurance cycle is important to business owners because it directly impacts insurance premiums. As for insurance pricing today, Table 1 provides a historical picture of insurance industry rates calculated by MarketScout, with 2004 as the base year.

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Levelset

AUGUST 31, 2022

Whether you’re just starting your business or looking to change insurance carriers, it pays to go with a company that has experience and knowledge in providing insurance for the construction industry. These days you can purchase insurance on your own or go through a local agent. Best construction insurance companies.

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Insurance Liability Compensation Construction 52

Construction Business Owner

JULY 6, 2016

The construction insurance market is responding positively to these efforts, rewarding owners and builders that are operating their businesses efficiently and managing their risks properly with lower insurance premiums, broader coverage and higher limits.

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Insurance United States Risk Management 170

Levelset

SEPTEMBER 6, 2022

An insurance policy rarely meets every contractor’s needs out of the box. One of the most common endorsements you’ll likely encounter involves additional insured (AI) parties. While it may sound unusual, adding additional insureds is common and extends benefits both to you as a policyholder – and the party being named on the policy.

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Insurance Liability Construction Contract 52

Construction Business Owner

MARCH 25, 2015

With the start of a new year, the construction insurance market is showing signs of ambivalence from most insurers. Insurance underwriters will likely focus on keeping existing clients happy (through pricing flexibility, broad coverages and service commitments), while simultaneously trying to grow business.

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Insurance Finance Industrial Construction 120

Business Facilities

OCTOBER 7, 2021

Biometrics, artificial intelligence and blockchain are being embraced by the financial services and insurance sectors, fueling a wave of fintech startups. The post Finance & Insurance: Fintech’s Future Is Now appeared first on Business Facilities Magazine - Area Economic Development, Site Selection & Workforce Solutions.

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